7
Complex Commodities
THE PRECEDING TWO chapters have begun filling in the big picture. China is knitting together the developing world, infrastructure creation will burgeon, and the developing world will become a far more potent force than ever before. But these trends wouldn’t matter to the outlook for gold except for one thing—the relentless demand for commodities that they signal.
After all, if the world had endless amounts of easily obtainable commodities of all sorts, developing countries could take all they want, and there still would be plenty to go around. Commodity prices wouldn’t rise, and I probably wouldn’t be writing this book.
If only. The sad truth is that commodities are not limitless. Or, to be more precise, there are practical ...
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